Dedicated to reducing carbon emissions and environmentally sustainable mining and steel production. Supporting economic prosperity for Northern Minnesota.
Location: United States
Total raised: $150M
Funding Rounds 1
| Date | Series | Amount | Investors |
| 07.04.2026 | - | $150M | Macquarie ... |
Mentions in press and media 7
| Date | Title | Description |
| 14.07.2026 | First Blast: America's Iron Ore Comeback Heard on the Iron Range | Mesabi Metallics fires first blast toward "Patriot Pellet," ending U.S. dependence on scarce foreign DR-grade ore NASHWAUK, Minn., July 14, 2026 /PRNewswire/ -- American iron ore mining is growing. Mesabi Metallics Company LLC (Me... |
| 02.06.2026 | Mesabi Metallics Monetizes Portion of Royalty Interest for $265 Million | The $2.5 billion world-scale, low-cost DR-grade iron ore mine positions U.S. steel industry to break free from foreign imports from Brazil and other countries NASHWAUK, Minn., June 2, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesab... |
| 07.04.2026 | Mesabi Metallics: $150 Million Financing Secured For Iron Ore Project Development | Mesabi Metallics Company announced that it has secured $150 million in financing from Macquarie Group, supporting the planned Q3 2026 startup of its direct reduction grade iron ore mine and pellet plant in Nashwauk, Minnesota. The funding a... |
| 06.04.2026 | Mesabi Metallics Secures $150 Million from Macquarie Group | Latest financing builds on recent capital momentum for structurally important American iron ore project NASHWAUK, Minn., April 6, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, today announced t... |
| 06.04.2026 | Mesabi Metallics secures $150 m investment from Macquarie Group | - |
| 06.04.2026 | Mesabi Metallics Raises $150 Million To Advance DR-Grade Iron Ore Development | Major Funding Boost Strengthens Project Foundations Mesabi Metallics has secured $150 million in new financing to support the development of its Direct Reduction grade iron ore project in Minnesota. The project has gathered growing financia... |
| - | Mesabi Metallics Company | “Dedicated to reducing carbon emissions and environmentally sustainable mining and steel production. Supporting economic prosperity for Northern Minnesota.” |